Quote by Ludwig von Mises on Entrepreneurship and Wealth

Ludwig von Mises was an Austrian economist, social philosopher, and one of the leading figures of the Austrian School of economics.

This quote emphasizes the positive role of entrepreneurs in the economy and refutes the idea that wealth causes poverty.

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Ludwig von Miseswealthpovertycapitalismeconomyexploitationbusiness

Ludwig von Mises (1881–1973) was a prominent Austrian economist and social philosopher, known for his contributions to the Austrian School of economics. He significantly influenced libertarian and free-market economic theory and was a critic of socialism and interventionism.

Ludwig von Mises quote about standard of living and wealthy entrepreneurs

19. September 2020

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"The standard of living of the common man is higher in those countries which have the greatest number of wealthy entrepreneurs." Ludwig von Mises

Ayn Rand quote image about prosperity, progress, and free enterprise

7. August 2023

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"America's abundance was created not by public sacrifices to the common good, but by the productive genius of free men who pursued their own personal interests and the making of their own private fortunes. They did not starve the people to pay for America's industrialization. They gave the people better jobs, higher wages, and cheaper goods with every new machine they invented, with every scientific discovery or technological advance- and thus the whole country was moving forward and profiting, not suffering, every step of the way." Ayn Rand